Vapor Hub International Inc
Change company Symbol lookup
Select an option...
VHUB Vapor Hub International Inc
VMC Vulcan Materials Co
VLO Valero Energy Corp
VIAC ViacomCBS Inc
VFC VF Corp
VECO Veeco Instruments Inc
VALE Vale SA
V Visa Inc
UVV Universal Corp
USM United States Cellular Corp
Go

Consumer Staples : Tobacco |
Company profile

Vapor Hub International Inc. is engaged in designing, sourcing, marketing and selling of smokeless electronic cigarettes. The Company provides a selection of vaping devices and related accessories, which it designs and sources, including its Limitless Mods and Limitless Atomizers. It also purchases vaping devices and related accessories from third parties for resale. It distributes products nationally and internationally to wholesale customers and retail customers, including through its Website www.vapor-hub.com. It also markets and sells products through a retail location. Its Limitless Mechanical Mod is available in aluminum, brass, copper, black rhodium plated aluminum and gold plated brass finishes. Its Binary Premium e-liquid is available in over five flavors. It offers Binary Premium e-liquid with 0 milligrams (mg), 2.5mg, 5.0mg, 7.5mg or 10mg of nicotine per bottle. It also offers a range of accessories, including apparel, tanks and atomizers, batteries, chargers and drip tips.

Price
Delayed
$0.062
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)

Today's volume of 0 shares is on pace to be much lighter than VHUB's 10-day average volume of 150 shares.

0

Cryptos and stocks like NIO and Tilray are crucially linked. Here's what you need to watch, says strategist.

12:00 pm ET May 8, 2021 (MarketWatch)
Print

By Jack Denton

Critical information for the U.S. trading day

The technology-heavy Nasdaq inched higher on Thursday, reversing some of its slide from this week as it remains near 3% lower since Monday.

But investors are continuing to pour money into Big Tech stocks as individual investor favorites keep suffering. And cryptocurrency prices may be a key reason, according to strategist Ben Onatibia's team at investment research group Vanda, in our call of the day.

Individual investors remain the major buyers of Big Tech stocks as prices move lower. Of the $870 million spent on single stocks on May 4, roughly 28% went to S&P tech companies like Facebook (FB), Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), Netflix (NFLX), and Microsoft (MSFT), according to the team at Vanda, with major tech funds recording massive retail inflows as well.

Not only does this point to individual investors buying the dip, but it suggests that institutional investors are partly responsible for the selloff, as they cut their exposure to tech in favor of commodities and financials.

But "tech supremacy has also crowded out investments from other speculative stocks," Onatibia said, with individual investors showing much more hesitation about buying the dip in the likes of cannabis or clean energy stocks. The team at Vanda believes this environment is likely to persist, especially given the poor performance of widely held stocks like Apple and Advanced Micro Devices (AMD).

One of the key preconditions the team at Vanda said is necessary to "bring the mojo of fallen retail angels back" is a correction in cryptocurrency prices. According to Onatibia, prices of stocks like Tilray (TLRY), Skillz (SKLZ), Virgin Galactic (SPCE), Plug Power (PLUG), and NIO (NIO) have been inversely correlated with cryptocurrencies in 2021, and this is indicative of a rotation among individual investors. That is a crucial relationship.

"Investors in [environmental, social, and governance-focused stocks], electric vehicles, and a host of other highflying sectors will need to pay full attention to developments in the crypto world," Onatibia said. "A significant correction is all they may need to get some of their lost appeal back."

When the price of bitcoin sank following the initial public offering of crypto exchange Coinbase (COIN), "all retail favorite stocks enjoyed a decent recovery," Onatibia said. "But as the price of ethereum and other altcoins skyrocketed this week, retail favorite stocks have given up most of their recent gains."

More compelling evidence from Vanda that individual investors are behind the crypto rally -- at the cost of highflying favorites -- is that popular trading platform Robinhood crashed following "unprecedented trading activity" in crypto assets this week.

The markets

U.S. stocks were broadly higher , with the Dow ticking up after investors cheered a better-than-expected jobs report.

European equities are broadly lower (https://www.marketwatch.com/story/european-stocks-inch-higher-as-focus-turns-to-u-s-jobs-report-11620290436?mod=home-page). However, stocks in London remained in the green after the Bank of England decided to reduce the rate of government bond purchases while insisting it wasn't changing monetary policy. Asian stocks finished mostly in the green.

The chart

Lumber futures traded on the Chicago Mercantile Exchange have quadrupled in price since February 2020 to hit a record high of $1,610 per thousand board feet, as shown in our chart of the day, courtesy of Wolf Richter from the Wolf Street financial blog (https://wolfstreet.com/2021/05/05/lumber-scary-crazy-inflation-now-gets-passed-on-but-these-wtf-price-spikes-cannot-last/).

"A sign of scary-crazy inflation amid suddenly blistering demand from builders, insufficient supply to meet that sudden surge in demand, growing lead times, and irrational behavior by buyers betting on being able to pass on that irrationality via higher prices to their customers," Richter wrote.

Random reads

Talk about stratospheric asset prices: A bottle of French wine that spent more than a year in space (https://apnews.com/article/europe-business-wine-lifestyle-oddities-08574dbc6e456db731abb9cacb6b61be) will be auctioned off with a price tag of $1 million.

The owner of a Massachusetts pizza parlor fraudulently obtained $660,000 in COVID-19 relief funds and used some of the money to set up an alpaca farm (https://apnews.com/article/business-coronavirus-pandemic-oddities-health-42db551e61b04c5cf7dcf8cbe3ee5944), federal prosecutors allege.

Need to Know starts early and is updated until the opening bell, but sign up here (https://www.marketwatch.com/newsletters?mod=article_inline) to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern.

Want more for the day ahead? Sign up for The Barron's Daily (https://www.barrons.com/newsletters?sub=462), a morning briefing for investors, including exclusive commentary from Barron's and MarketWatch writers.

-Jack Denton; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

May 08, 2021 12:00 ET (16:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.